I know its getting late, but I come baring good news. The lockout is officially over! Earlier this week, NHL owners voted unanimously to ratify the CBA. Today, the NHLPA voted to do the same. The final step to ending the 113-day(technically 119) lockout was the signing of a Memorandum of Understanding between the NHL and NHLPA. Just before 10:30pm/ET, the two did just that.
NEW YORK/TORONTO – The National Hockey League and the National Hockey League Players’ Association today signed a Memorandum of Understanding reflecting the terms of a new, 10-year Collective Bargaining Agreement. Team training camps will open on Sunday, and a 720-game regular-season schedule (48 games per team) will begin on Saturday, January 19.
The wide-ranging Agreement includes an economic system under which Hockey Related Revenues (HRR) will be shared 50%-50% between Owners and the Players. The Agreement includes terms that limit the length of individual Player contracts to seven years (eight when a team is re-signing its own Player) and regulates the compensation structure, year-to-year variability and defining minimum value.
Now that the lockout is over, we’re being told to expect a lot of veteran signings and a ton of trades. There had already been multiple reports of signings before the MOU was even finished. Think of it like Trade Deadline Day.
At midnight, teams will be allowed to officially make signings and trades. Also for this season only, the trade deadline will be on April 3rd and free agency will begin on July 5th.
Playoffs begin April 30th.
Training camps start tomorrow morning and the season will begin on January 19th.